mediaxe: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
mediaxe
Largest movements
- Receivables within one year +€17,544
up €17,544 (+18.3%), from €95,795 to €113,339
of which Trade receivables: +€30,906
- Cash -€17,348
down €17,348 (-95.8%), from €18,103 to €754
mainly Trade debts (-€29,160) and Receivables within one year (-€17,544)
- Deferred charges and accrued income -€9,823
down €9,823 (-7.7%), from €126,941 to €117,118
- Tangible fixed assets +€5,740
up €5,740 (+10.2%), from €56,301 to €62,041
of which Land and buildings: +€9,118
- Financial fixed assets +€4,000
up €4,000 (+2,000%), from €200 to €4,200
- Trade debts -€29,160
down €29,160 (-83.7%), from €34,820 to €5,660
- Other debts +€17,849
up €17,849 (+7.4%), from €240,168 to €258,017
- Reserves +€6,584
up €6,584 (+108%), from €6,092 to €12,676
of which Distributable reserves: +€6,584
- Tax, wage and social debts +€4,781
up €4,781 (+124%), from €3,860 to €8,641
- Gross operating margin +€53,050
up €53,050, from -€30,887 to €22,162
- Depreciation -€1,708
down €1,708 (-22.2%), from €7,685 to €5,977
- Financial charges -€643
down €643 (-23.9%), from €2,688 to €2,045
- Other operating charges +€635
up €635 (+20.7%), from €3,072 to €3,707
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,340 | €297,453 | +€113 | 0.0% |
| Fixed assets | 21/28 | €56,501 | €66,241 | +€9,740 | +17.2% |
| Tangible fixed assets | 22/27 | €56,301 | €62,041 | +€5,740 | +10.2% |
| Land and buildings | 22 | €37,314 | €46,432 | +€9,118 | +24.4% |
| Plant, machinery and equipment | 23 | €12,043 | €10,219 | -€1,823 | -15.1% |
| Furniture and vehicles | 24 | €6,944 | €5,390 | -€1,554 | -22.4% |
| Financial fixed assets | 28 | €200 | €4,200 | +€4,000 | +2,000% |
| Current assets | 29/58 | €240,839 | €231,212 | -€9,627 | -4.0% |
| Amounts receivable within one year | 40/41 | €95,795 | €113,339 | +€17,544 | +18.3% |
| Trade receivables | 40 | €81,730 | €112,636 | +€30,906 | +37.8% |
| Other amounts receivable | 41 | €14,065 | €703 | -€13,362 | -95.0% |
| Cash at bank and in hand | 54/58 | €18,103 | €754 | -€17,348 | -95.8% |
| Deferred charges and accrued income | 490/1 | €126,941 | €117,118 | -€9,823 | -7.7% |
| Total equity and liabilities | 10/49 | €297,340 | €297,453 | +€113 | 0.0% |
| Equity | 10/15 | €18,492 | €25,076 | +€6,584 | +35.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,092 | €12,676 | +€6,584 | +108% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €4,237 | €10,821 | +€6,584 | +155% |
| Amounts payable | 17/49 | €278,848 | €272,377 | -€6,471 | -2.3% |
| Amounts payable within one year | 42/48 | €278,848 | €272,377 | -€6,471 | -2.3% |
| Financial debts | 43 | - | €59 | +€59 | |
| Credit institutions | 430/8 | - | €59 | +€59 | |
| Trade debts | 44 | €34,820 | €5,660 | -€29,160 | -83.7% |
| Suppliers | 440/4 | €34,820 | €5,660 | -€29,160 | -83.7% |
| Taxes, remuneration and social security | 45 | €3,860 | €8,641 | +€4,781 | +124% |
| Taxes | 450/3 | €3,860 | €8,641 | +€4,781 | +124% |
| Other amounts payable | 47/48 | €240,168 | €258,017 | +€17,849 | +7.4% |
| Non-recurring operating income | 76A | - | €14,346 | +€14,346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,685 | €5,977 | -€1,708 | -22.2% |
| Other operating charges | 640/8 | €3,072 | €3,707 | +€635 | +20.7% |
| Non-recurring operating charges | 66A | - | €3,644 | +€3,644 | |
| Gross operating margin | 9900 | -€30,887 | €22,162 | +€53,050 | |
| Operating profit (loss) | 9901 | -€41,644 | €8,834 | +€50,478 | |
| Financial income | 75/76B | €5 | €6 | +€1 | +13.8% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +13.8% |
| Financial charges | 65/66B | €2,688 | €2,045 | -€643 | -23.9% |
| Recurring financial charges | 65 | €2,688 | €2,045 | -€643 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€44,327 | €6,795 | +€51,122 | |
| Income taxes | 67/77 | €288 | €211 | -€77 | -26.8% |
| Profit (loss) for the period | 9904 | -€44,615 | €6,584 | +€51,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,615 | €6,584 | +€51,199 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.